Understanding Slots Payouts in 2021

Playing the slots is one of the easiest casino games that takes very little skill. All you do is press a button labeled “spin” and the wheels rotate and however they land when they stop will determine whether or not you have won that spin. As long as you have credits available, you can keep spinning. The payout percentage varies on different slot machines and that determines what kind of wins you will receive when your spin hits the corresponding pay lines. Sound a bit more complicated than you thought? Don’t worry. We’ll explain all you need to know about how slot machines work and what to watch for the next time you get a hankering to give one a few spins.

 

The Payout Percentage

Here’s the real math behind slot machines. The payout percentage is the average amount of money that will be returned to a player as winnings compared to how much money that player has used as wagers. Because the math is an average amount, it does not mean a dollar figure is guaranteed nor will it mean that the winning amount is going to happen if you play the slot machine in one session or several sessions over time. However, what does increase your chances of hitting a jackpot is the number of spins you make. Machines with a higher payout percentage are better to play as they lean in favor of players. It is the payout percentage that helps casinos to make money and if you do some research, you will discover that all casino games have a payout percentage figure. Depending on the casino, these payout percentages will differ from one place to another.

 

How To Succeed At Slots

Okay, you know that slot machines differ in many ways in each casino. What makes them different, aside from the theme and game action (types of bonuses, etc.) is their payout percentage. So, it makes logical sense to seek the slots that offer the highest payout percentage to increase your odds of winning. You can find this out by examining the paytable of the slot machine you are looking at playing. The table spells out to you in plain language what the maximum payout is on the symbols used on the reels of that particular slot machine. The table will also tell you what the casino has capped the jackpot at. Also, check the type of slot machine. Progressive slots have bigger jackpots and also look for a notation on the payout percentage per game. What you want to see is an RTP (return-to-player) percentage of 90% or more. That means the machine will pay out more often.

 

Finding The Payout Percentage

This may take a bit of work depending on where you are playing. If you are fond of online casinos, the payout percentage is usually posted on the rules or information page of the online casino. If not, you can search online to locate the website of the game developer and you should find what you are looking for there. As for land-based casinos, the programming of each slot machine will determine the payout percentage and you may hit a few dead ends trying to get the information you are looking for from the actual casino. However, you can spend some time online looking for the data that may just be hidden in a public gambling forum or another related website. In comparison, the highest payout percentage will be found on online casino slot machines as internet casinos use this as a way to attract new players. Some offer very high payout percentages as a result.

 

Explaining Return-To-Player (RTP) and The House Edge

We’ve used the terms return-to-player and payout percentage. They happen to mean the same thing. But what is the House Edge? Well, that is also the same thing as the payout percentage and the return-to-player. The House Edge is the statistical advantage that the casino has which is built into the rules of the game. Another way of looking at the house edge is to think of it as the average percentage of your bet that will be retained by the casino. So, for example, if you are playing a game that has an 85% return-to-player, that means the house edge is 15%. Just like the RTP varies from game to game and also differs depending on the type of bet being placed, so does the house edge. Naturally, for you to have a better chance at winning, you would want to play the casino games that have the smaller house edge as that means the RTP would be greater.

 

Explaining Variance, Volatility, Loose and Tight Slot Machines

Other terms are related to slot machines and the way they play. One such term is variance. This is a reference to how often jackpots are paid on a slot machine and how big those jackpots are. The variance is measured in three different levels and is also known as volatility and payout frequency. Slots with a low variance win more often but payout small jackpots. Medium variance slot machines have frequent payouts but the payouts will vary from small to larger jackpots. High variance slots payout much less frequently, but when they do, the jackpots are usually very big. A loose slot machine pays out more often (a higher RTP) and tight slots are the opposite which means they will pay out less often or have a lower RTP. The hit frequency is another important stat. It refers to the average number of spins needed for a payout to occur.

 

Summary

Especially slot machines like Rainbow Riches, are easy among the casino games which are exciting and fun to play. However, they are programmed to make the casino make money. If you know what the payout percentage is of the slot machines you intend to play, you can increase your odds of winning. Different machines offer different features ranging from bonus spins to multiple pay lines but the figure that is most important to look for is the payout percentage. Even if all you are doing is playing the slots for entertainment purposes, it is more fun to play a machine that allows you to win back a majority of what you wager. You may also be lucky enough to hit a big jackpot but don’t expect it to happen as there is no guarantee.

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